This article outlines the benefits and risks of the distributed ledger technology (DLT) for the clearing and settlement of exchange-traded and OTC securities, followed by a description of the technology’s potential role for central counterparties and central securities depositories. Although...

Chinese and Vietnamese immigrants were long understood through their ethnic enclave activity, and considered as economic migrants focused on wealth generation, without much desire for deeper social or economic integration. We draw on results of a quantitative study to challenge these assumptions...

The goal of this paper is to analyze the local government's perception about the significance of a discrete multi-criteria method for assessing proposals for urban expansion (PUE). The study case was performed, by using PROMETHEE method, in Río Cuarto, Córdoba, Argentina. The decision matrix...

This paper estimates potential exposures, netting benefits and settlement gains by merging retail and wholesale payments into batches and conducting multiple intraday settlements in this hypothetical model of a single "calibrated payments system." The results demonstrate that credit risk...

Court delays are a frequent concern, yet what explains court case duration remains incompletely understood. We study the time to court case resolution by drawing on a detailed case-level dataset of civil suits filed at a major Belgian court. We utilize the competing risks regression framework to...

Employment tribunals or labor courts are responsible for enforcing employment protection legislation and adjudicating rights-based disputes between employers and employees. Claim numbers are high and, in Great Britain, have been rising, affecting both administrative costs and economic...

Past research suggests that Afghan immigrants and their children face challenges in settlement, stemming from the impact of displacement, language barriers, poor health, limited education, limited knowledge of or access to services, and discrimination. Using data from Canada's 2011 National...

We study settlement fails for trades in the Government of Canada bond market. We find that settlement fails do not occur independently. Using a novel and comprehensive dataset, we examine three drivers of fails. First, we find that fails are more likely following the release of surprise...

Court delays are a frequent concern, yet what explains court case duration remains incompletely understood. We study the time to court case resolution by drawing on a detailed case-level dataset of civil suits filed at a major Belgian court. We utilize the competing risks regression framework to...

Expansion and development of urban areas require acquisition of land, which, in turn, often requires physical relocation of people who own or occupy this land. Land acquisition and resettlement may also be required to improve the lives of the more than 1 billion people who currently live in...

Over the last decade, information technology has contributed significantly to the evolution of financial markets, without, however, revolutionising the way in which financial institutions interact with one another. This may be about to change, as some market players are now predicting that new...

Patent settlements between originator and generic firms in the pharmaceutical industry have been challenged by antitrust and competition authorities in the U.S. and the EU. Particularly settlements with large "reverse payments" to generic firms raise the concern of collusive behaviour for...

Fertility is a main driver and outcome of long-term growth. Yet, fertility may not only interact with the level of income but also with its volatility. In pre-modern economies where formal social security was largely absent, fertility decisions may also have been made in view of insuring income...

Although an overwhelming proportion of all legal disputes end in settlement, the determinants of the timing of settlement remain empirically underexplored. We draw on a novel dataset on the duration of commercial disputes in Slovenia to study how the timing of settlement is shaped by the stages...

Although an overwhelming proportion of all legal disputes end in settlement, the determinants of the timing of settlement remain empirically underexplored. We draw on a novel dataset on the duration of commercial disputes in Slovenia to study how the timing of settlement is shaped by the stages...

Ethnic and migration processes in Russia after the collapse of The Soviet Union have significantly changed the ethnic composition of major Russian cities. On the one hand, we see continuing of assimilation of most national communities which historically lived in the largest Russian cities...

Empirical studies have found that high litigation costs often discourage small firms from investing in R&D, as they fear their patent will be infringed and they will not be able to afford litigation. As a solution, firms have been encouraged to purchase insurance policies which, by covering...

В статье определены условия эффективного функционирования акционерных предприятий через способность системы менеджмента организовать управление...